btc is primed to make new lows this year, all the ETF talk is about to catch a lot of traders and hodlers off-guard...stay safe frens
Trade Criteria - bear divs dump has already occured (assumption) - bullish order block tests one more time - range eq holds (this is pretty critical imo) - fully invalid at red - target 30k - if weekly open holds this may just punch up Vatsik
disney with a potential blow off top here. last 3 times we've tapped overbought, it's led to significant sell offs. been in over bought territory since the 23rd. now have a second daily bear div present. expecting a pull back to daily rsi eq. $100 seems reasonable, but long trigger should be the rsi eq tap.
adding bearish confluence with our overall swing bearish bias. eth vs btc feels topped. right at the top of our resistance box. bear flag present with decreasing momentum and divs on rsi (although currently weak). think eth will erase this entire bull move.
dxy attempting to confirm a weekly bear div. needs a candle close below $104.50 to confirm. if we can confirm, would be great confluence for macro swing longs across markets.
don't want to jinx anything and this still needs another candle to confirm.. but dxy showing significant bear div on both 3d and 5d. not insignificant chance this is the top. purely from a TA perspective. FA everything is awful.
The 1D chart had hit the fib level again. The pump towards this fib level was not backed by more strength hence the (probable) bearish divergent on both RSI and OBV are likely to happen. This might be the local top for $ONE for now. I am expecting a correction to around $0.266 at the very least but it can go lower too to around $0.225. Of course, it could be...
summary: 1.) Bear div between PA and DMI 2.) VA on VPVR an POC is downside 3.) Monthly ATR extended to the upside AMD has provided a fat run on the monthly, from L @ 99.85 to H @ 121.56 AMD is at roughly 117% of 1M atr all to the upside. dmi shows waning buy pressure, visible on 1d and 4h. pa started dipping below fast moving 1d hma on the 18th and despite hh's...
The daily chart of the S&P500 shows price in an uptrend channel while currently trending in the lower half of the channel which is the weaker half of the channel where price is most susceptible to declines. For now the price candles remain green on the daily chart which indicate bullish momentum behind price. Most obvious on the chart right now is a bearish...
www.tradingview.com got my entry short from 3674.5 downside targets noted with arrows playing bear div on 4h, noted by LH in di+ on DMI, despite steady rise in price and 30m pending bear cross on dmi feel free to troll me if it ath's before i finish my stir fry. 🍜
potential local diamond top with 5th wave and macd/rsi bear divs
A hanging man is a type of bearish reversal pattern, made up of just one candle, found in an uptrend of price charts of financial assets. It has a long lower wick and a short body at the top of the candlestick with little or no upper wick. In order for a candle to be a valid hanging man most traders say the lower wick must be two times greater than the size of the...
Higher high made in price with a lower high made in the RSI. No volume up here above $8k as that declined during the recent advance as well.
A quick study composed to illustrate the multiple levels of divergence Ethereum has had since November of last year. Based on this study, short term trend changes typically took place at the second level of divergence on the Relative Momentum Range Indicator . The only other acceptation for this, was the reversal from the top this last January. At that time, was...
We were watching PEP a few days ago when we had a bear div on the daily during a weekly downtrend. Didn't take a short at the bear div because was concerned about R:R and where to take a short. At yesterday's daily close, the pot sweetened for a PEP short as we moved up without invalidating the bear div and closed with a long upward wick (but green). There's...
CMG: we still in downtrend on weekly. 3 part bull div on daily is probably related to weekly trying to make a higher high (it hasnt yet). This could be a sell opportunity with stop if we break higher high. The target would be the gap fill and weekly volume profile node. Because its a short, on a daily-weekly timescale, and the r:r isnt great, this is not a...